Open for business: some big deals on the table for NZ hotels

Chateau on the Park, sparking international interest. (Image: Supplied)

Thu, 21 Apr 2022

A suite of major hotel sales due to be announced in the coming months are expected to break last year’s record of $400 million worth of deals.Nick Thompson, director of hotels and tourism at JLL New Zealand, said there were several transactions in the pipeline, driven by a resurgent interest in hotel assets led by private equity, high net worth and institutional investors. That interest was largely coming out of Hong Kong and Singapore, but also from local and Australian investors – people who have had better access into the co...

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